Nasdaq-100 Overhaul Adds Five Tech Entrants to Index

The incoming group includes Astera Labs, CoreWeave, Nebius Group, Rocket Lab, and Teradyne. These additions displace Charter Communications, Cognizant Technology Solutions, Insmed, Verisk Analytics, and Zscaler. The move follows a policy shift implemented on May 1, which allows firms to bypass the traditional year-long waiting period for index eligibility. This adjustment surfaced after financial institutions lobbied for faster pathways for high-profile startups like SpaceX, OpenAI, and Anthropic.

Investors responded immediately to the announcement. Beyond Rocket Lab’s gains, Astera Labs, CoreWeave, and Nebius Group saw their share prices climb by approximately 5%, while Teradyne rose 1.2%. Conversely, the departing companies faced a muted reaction; while most remained flat, Insmed and Zscaler saw minor declines of roughly 1%. The reorganization signals a deliberate effort by the exchange to keep its benchmark reflective of current market velocity rather than legacy tenure.